Live Oak Bancshares Inc (NASDAQ:LOB) announced a quarterly dividend on Monday, February 12th, Zacks reports. Shareholders of record on Monday, February 26th will be given a dividend of 0.03 per share by the bank on Monday, March 12th. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 23rd.
Shares of Live Oak Bancshares (NASDAQ:LOB) opened at $27.00 on Friday. The firm has a market cap of $1,076.65, a P/E ratio of 10.76 and a beta of 0.18. Live Oak Bancshares has a 12-month low of $20.40 and a 12-month high of $28.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05.
Live Oak Bancshares (NASDAQ:LOB) last released its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.16. The company had revenue of $118.42 million for the quarter, compared to the consensus estimate of $114.39 million. Live Oak Bancshares had a net margin of 36.36% and a return on equity of 16.85%. equities analysts expect that Live Oak Bancshares will post 1.25 earnings per share for the current year.
In other Live Oak Bancshares news, CFO S. Brett Caines sold 7,429 shares of Live Oak Bancshares stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $26.92, for a total transaction of $199,988.68. Following the completion of the sale, the chief financial officer now directly owns 423,384 shares in the company, valued at approximately $11,397,497.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 45,408 shares of company stock valued at $1,199,923. Company insiders own 30.10% of the company’s stock.
LOB has been the topic of several research analyst reports. BidaskClub downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, January 30th. Sandler O’Neill reissued a “buy” rating and set a $30.00 target price on shares of Live Oak Bancshares in a research report on Thursday, January 25th. Finally, TheStreet raised shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Live Oak Bancshares currently has a consensus rating of “Hold” and an average target price of $28.25.
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About Live Oak Bancshares
Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).
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